SPX to provide ADCCs for largest geothermal power project in Kenya

SPX's ADCC's will serve four Toshiba 70MW steam turbines at the new plant being constructed in the Rift Valley of Kenya, 100 kilometers northwest of Nairobi.

SPX Heat Transfer was selected to provide the condensers by Hyundai Engineering, the full turnkey contractor for Kenya Electricity Generating Co's Olkaria I and IV geothermal plants.

The two plants are expected to be completed by April 2014.

Drew Ladau, SPX segment president, said: "As demand for electricity in East Africa's largest economy grows, Kenya anticipates that geothermal power will generate approximately 30 percent of power by 2031, a goal we believe can be attained by utilizing ADCC technology."

SPX to provide ADCCs for largest geothermal power project in Kenya

Westinghouse Solar to make point of entry for CBD into US market

Key terms of the transaction have been approved by the boards of directors of both Westinghouse Solar and CBD Energy, subject to satisfactory completion of due diligence and definitive agreements.

Westinghouse Solar and CBD Energy are targeting prompt execution of definitive documents in early March and a third quarter closing date, subject to shareholder approvals and other customary closing conditions. The contemplated transaction structure would be effected solely through an exchange of shares.

"Out of our discussions with CBD Energy since they made an investment in December 2011, we have concluded that a merger will produce synergies between the two companies and create a larger, diversified business with competitive advantages in the renewable energy sector," said Barry Cinnamon, CEO of Westinghouse Solar.

Westinghouse Solar to make point of entry for CBD into US market

Energenic to acquire Energy Network

Energenic is a joint business venture between long-term business partners Marina Energy, a subsidiary of South Jersey Industries, and DCO Energy.

The Hartford Steam Company has heated and cooled some of Hartford’s most prominent addresses - from the State Supreme Court to Traveler’s Tower to Hartford Hospital - since 1962. Hartford Steam now has two district energy systems that serve more than 60 buildings in the downtown and South End areas of Hartford.

Frank DiCola, Energenic’s chief executive officer, said: “The Energy Network and Hartford Steam Company are well maintained high quality assets. This acquisition was very attractive to Energenic as it produces long-term, annuity like income and cash streams derived from a broad portfolio of customers.

Energenic to acquire Energy Network

SCANA posts growth in 2011 earnings, reaffirms 2012 guidance

SCANA's basic earnings for the fourth quarter of 2011 were $98 million or 76 cents per share compared to $94 million or 74 cents per share for the same quarter in 2010.

Financial results by major lines of business

South Carolina Electric & Gas Company

South Carolina Electric & Gas Company (SCE&G), SCANA's principal subsidiary, reported earnings of $316 million or $2.46 per share for 2011, compared to $304 million or $2.42 per share in 2010. For the fourth quarter of 2011, SCE&G reported earnings of $65 million or 50 cents per share compared to $67 million or 52 cents per share in the same quarter of 2010.

The increase in annual earnings was due to higher margins from base rate increases under the Base Load Review Act, which were partially offset by higher interest expense, property taxes, depreciation, and share dilution.

At year-end 2011, SCE&G was serving approximately 664,000 electric customers and approximately 317,000 natural gas customers, up 0.5 and 1.1 percent, respectively, over 2010.

SCANA posts growth in 2011 earnings, reaffirms 2012 guidance

SPX to provide ADCCs for largest geothermal power project in Kenya

SPX's ADCC's will serve four Toshiba 70MW steam turbines at the new plant being constructed in the Rift Valley of Kenya, 100 kilometers northwest of Nairobi.

SPX Heat Transfer was selected to provide the condensers by Hyundai Engineering, the full turnkey contractor for Kenya Electricity Generating Co's Olkaria I and IV geothermal plants.

The two plants are expected to be completed by April 2014.

SPX to provide ADCCs for largest geothermal power project in Kenya

Air Products connects new hydrogen plant to ExxonMobil refinery

The Air Products plant uses ExxonMobil refinery's excess gas to produce hydrogen. The refinery uses hydrogen for the desulphurization of oil products and in the manufacture of petrochemicals. The new plant uses the most advanced processes and technologies which makes the hydrogen production considerably more efficient than the previous hydrogen supply to the refinery. The hydrogen plant also delivers steam to the refinery. The synergy in the production processes of the two plants will improve overall energy efficiency by more than 15 percent.

Air Products, together with Technip - its main contractor on the project - began construction of the new hydrogen plant in June 2010. It took approximately one million man-hours to build the plant.

Air Products connects new hydrogen plant to ExxonMobil refinery

SolarReserve reaches major milestone on Crescent Dunes solar project

The flagship project is jointly owned by SolarReserve, ACS Cobra, and Santander. ACS Cobra's Nevada-based affiliate, Cobra Thermosolar Plants, is the general contractor for the project and is utilizing Nevada and regional subcontractors to perform the work.

Construction of the facility began in September 2011. To date, orders for the project have been placed for equipment and services in more than 20 states.

The Crescent Dunes project has secured a 25-year power purchase agreement with NV Energy and will provide clean power to approximately 75,000 homes when complete.

SolarReserve reaches major milestone on Crescent Dunes solar project

3Power to acquire 100MW PV solar power plants in Italy

3Power Energy said the solar plants are located in several high sun radiations regions in Italy. The total investment in the projects valued around USD500 million out of which USD400 million is financed by long term banks credit facility.

The solar power projects when acquired will be an immediate source of 15 years sustainable revenues under a power purchase agreement at prefixed price.

3Power said it continues to complete its target capacity of 3GW projects pipeline. The company plans to finance its equity in the projects through placements from selected investors.

3Power to acquire 100MW PV solar power plants in Italy

American Transmission, Minnesota Power to link Canadian renewable energy to Midwestern US

Separately, Minnesota Power plans to enhance its transmission infrastructure from Winnipeg to Minnesota’s Mesabi Iron Range. Minnesota Power recently signed a 15-year agreement to purchase 250 megawatts of hydroelectricity from Manitoba Hydro’s proposed 695-MW Keeyask Hydroelectric Plant in Northern Manitoba.

To further facilitate movement of this renewable energy, ATC and Minnesota Power are partnering to develop a proposed 50-mile, double-circuit 345-kilovolt transmission line from the Mesabi Iron Range to the companies’ jointly owned Arrowhead Substation in Duluth, Minnesota, for service in approximately 2020.

In addition, the partners are studying transmission options to strengthen regional electric system reliability and move clean energy from the Arrowhead Substation in Duluth into Wisconsin and Michigan. Total project cost, ownership shares and cost allocation are to be determined yet.

American Transmission, Minnesota Power to link Canadian renewable energy to Midwestern US

PG&E receives record response for 2011 renewable energy solicitation

"The highly competitive proposals we received offer affordable power to help us achieve the state's renewable energy targets," said Fong Wan, senior vice president for energy procurement at PG&E. "The tremendous response to our request reflects the robust supplies being offered by the renewable energy industry, which California has fostered through its aggressive state mandates."

Since 2002, PG&E has signed more than 110 contracts for about 10,000 megawatts of renewable power. PG&E now expects to be able to meet California's Renewables Portfolio Standard, which requires all retail sellers of electricity to deliver 33 percent of their electricity by 2020 from eligible renewable resources like wind, solar, geothermal, biomass, and small hydroelectric. The utility said it is on track to reach 20 percent this year.

PG&E receives record response for 2011 renewable energy solicitation